NamRA offers tax payers further relief

May 27, 2022

The Namibia Revenue Agency (NamRA) has extended its modified tax relief programme by another year to help taxpayers boost their operations which were significantly decimated by the coronavirus pandemic.

 The tax collector’s initial programme – the Electronic Filing Tax Relief Programme – ended on 31 January 2022 and the Minister of Finance, Iipumbu Shiimi, promised in his Budget speech to extend it.

According to NamRA, the second Modified Tax Relief Programme will run from 1 June 2022 to 31 May 2023. The scheme will not only write off a percentage of the interest and penalties owed as tax arrears to NamRA, but also promote the online filing of tax returns and general usage of the Integrated Tax Administration System.

The total number of 47 493 taxpayers participated in the initial programme, resulting in N$11 156 626 675 in penalties being waived, while a total amount of N$1 320 528 999 was collected and paid into the State Account.

This amount represents 7% of the opening tax debt for fiscal year 2021/2022.

The Modified Electronic Tax Relief Programme benefits to taxpayers, firstly 70% of interest and 100% of penalties will be waived if taxpayers with tax arrears register on ITAS portal and pay off the outstanding capital amount during the first six months effective 01 June 2022.

Secondly 60% of interest and 100% of the penalties will be waived if taxpayers with tax arrears register on ITAS portal and pay off the outstanding capital amount during the remaining six months effective 1 December 2022 to 31 May 2023.

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Last modified on Sunday, 29 May 2022 16:14

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